Wall Street brokerages expect TJX Companies Inc (NYSE:TJX) to post $9.89 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for TJX Companies’ earnings, with the highest sales estimate coming in at $9.97 billion and the lowest estimate coming in at $9.83 billion. TJX Companies reported sales of $9.33 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The business is expected to report its next quarterly earnings report on Tuesday, August 20th.
According to Zacks, analysts expect that TJX Companies will report full-year sales of $41.34 billion for the current year, with estimates ranging from $41.14 billion to $41.63 billion. For the next fiscal year, analysts anticipate that the business will report sales of $43.86 billion, with estimates ranging from $43.52 billion to $44.39 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow TJX Companies.
TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.21 billion. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS.
Shares of NYSE:TJX traded up $0.83 during trading on Friday, reaching $56.69. 5,070,814 shares of the company traded hands, compared to its average volume of 6,024,102. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. TJX Companies has a 52 week low of $41.49 and a 52 week high of $56.74. The company has a market capitalization of $67.82 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.92 and a beta of 0.72. The business’s 50 day moving average price is $52.71.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 annualized dividend and a yield of 1.62%. TJX Companies’s dividend payout ratio is presently 43.60%.
In other TJX Companies news, EVP Richard Sherr sold 1,480 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total value of $75,998.00. Following the completion of the transaction, the executive vice president now directly owns 117,228 shares in the company, valued at $6,019,657.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Canestrari sold 25,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $54.97, for a total value of $1,374,250.00. Following the completion of the transaction, the executive vice president now owns 134,675 shares of the company’s stock, valued at $7,403,084.75. The disclosure for this sale can be found here. Insiders sold 46,480 shares of company stock valued at $2,494,248 over the last quarter. Corporate insiders own 0.18% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Wallington Asset Management LLC increased its stake in shares of TJX Companies by 2.7% in the first quarter. Wallington Asset Management LLC now owns 262,424 shares of the apparel and home fashions retailer’s stock valued at $13,964,000 after buying an additional 6,890 shares during the period. Tyvor Capital LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $22,370,000. M Holdings Securities Inc. increased its stake in shares of TJX Companies by 92.6% in the fourth quarter. M Holdings Securities Inc. now owns 5,035 shares of the apparel and home fashions retailer’s stock valued at $225,000 after buying an additional 2,421 shares during the period. NEXT Financial Group Inc increased its stake in shares of TJX Companies by 749.4% in the fourth quarter. NEXT Financial Group Inc now owns 2,939 shares of the apparel and home fashions retailer’s stock valued at $131,000 after buying an additional 2,593 shares during the period. Finally, Ashburton Jersey Ltd increased its stake in shares of TJX Companies by 400.9% in the first quarter. Ashburton Jersey Ltd now owns 5,860 shares of the apparel and home fashions retailer’s stock valued at $312,000 after buying an additional 4,690 shares during the period. Hedge funds and other institutional investors own 88.92% of the company’s stock.
TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
Featured Story: How does inflation affect different investments?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.